- For Morgan Stanley, stock picking is "the name of the game" when it comes to machinery stocks.
- As for the firm's picks: Terex (TEX) is initiated at Overweight (PT $47) while Caterpillar (CAT), Joy Global (JOY), and Manitowoc (MTW) get Equalweight ratings.
- Earlier: Morgan Stanley starts Deere at Underweight.
Morgan Stanley picks through machinery stocks
Sep 5 2013, 08:40 ET